Related Discussions: N/A
Submission Date: 11/15/22
Simple Summary: to better utilize the currently available public pools model
Abstract and Motivation: a key factor of success of any DEX is liquidity and number of tokens available, we can better utilize the current model for public pools to make it more secure and provide higher liquidity with more tokens to trade.
Specification & Rationale: allow MMs to create more public pools with more tokens / liquidity with a security system for removal of liquidity based on multi-level approval by HFT’s admins, so that no MMs are not allowed to suddenly withdraw all liquidity and at the same time we will have much more coins/tokens to trade with high liquidity.
1- more tokens / high liquidity will push hashflow to the top ranks among other exchanges.
2- MMs will be able to profit though existing RFQ model by higher volumes / trades.
3- LP providers will be able to make profits through LP rewards. noting that rewards shall be paid within the same network / tokens of the pool that you provide LP for (preferably in real-time) to incentivize people to maintain/increase their LP.
4- as more people participate in LP provision, they will also use the exchange more and more instead of having to switch to other DEX/CEX.
5- could be a future source of income to DOA in case fees are introduced.
Downside (Cons): multi-level approval security system may result in extra load / manual work for HFT’s admins / team, but it is necessary to mitigate the risk.
Voting: a “yes” means that you agree to the above proposal and “no” means you don’t agree.